Supply Chain Shaman

OCTOBER 11, 2012

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

Inventory Reduction 245

Inventory Reduction Vendor Strategies Resource Reduction Cost Reduction Strategies 245

The Smart Software

OCTOBER 2, 2023

Dealing with the day-to-day of inventory management can keep you busy. For that, your inventory software should show you metrics – and not just one, but a full set of metrics or KPI’s – Key Performance Indicators. But you know you have to get your head up now and then to see where you’re heading.

Inventory Management Software 87

Inventory Management Software Metrics Supply Chain Planning Software Forecasting Software 87

Supply Chain Shaman

SEPTEMBER 20, 2015

How will the policy be executed? Today, there is not a well-defined template on how to build and operate a supply chain defined by customer policy and segmentation strategy. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.

Inventory Reduction 150

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Supply Chain Strategy 150

Logistics Viewpoints

JULY 22, 2021

The process as is implemented in many companies focuses on balancing demand and supply based on preestablished rules and policies that serve as guardrails for the planning process. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks. One off recommendations are made about facility locations (i.e.,

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

Logility

AUGUST 15, 2023

But instead of reaching just one peak, supply chain planners must climb four – service, inventory, cost, and sustainability. Coordinate every step with insight and action Companies using a platform that synergizes service, inventory, cost, and sustainability stand at the precipice of a highly progressive approach to supply chain planning.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 130

Supply Chain Shaman

JANUARY 31, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. In addition, Lucas used inventory as a slush fund to make quarterly earnings.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

OCTOBER 29, 2020

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle.

Optimal Sourcing 229

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 229

Supply Chain Shaman

SEPTEMBER 3, 2018

Over the last six years, we studied the connection between business results (growth, operating margin, inventory turns and Return on Invested Capital (ROIC)) and the link to company characteristics. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability. Tie policy to action.

Supply Chain Planning Software 311

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 311

Kinaxis

JULY 23, 2015

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results.

Inventory Management Software 100

Inventory Management Software Inventory Management Inventory Supply Chain Planning Software 100

Supply Chain Shaman

FEBRUARY 7, 2022

Traditional risk management policy assumes a contraction in growth: the conventional focus is the shutdown and reallocation of supply. As a result, focusing on cost and efficiency, and functional metrics throws the supply chain out of balance. In addition, Lucas used inventory as a slush fund to make quarterly earnings.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service. Analyze performance metrics and implement improvements to enhance efficiency.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. A good returns policy is crucial for ensuring a smooth customer experience. Let’s break this down into simple steps.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Supply Chain Shaman

MAY 3, 2015

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

TransAudit

DECEMBER 13, 2023

Metrics and Performance Management Legacy supply chain metrics rarely capture the effectiveness of circular supply chains. For example, inventory turnover rates incentivize volume-based models rather than product durability. Recommendations: Collaborate with sustainability and finance to align on relevant circular metrics.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Insights

JUNE 1, 2017

When asked what stage in the end-to-end supply chain process maturity they were in, most people in the course said their companies were good at transactional efficiency, and were currently focused on data sharing, moving to policy development (see Figure 1). For example, inventory turns are plotted with operating margin (see Figure 2).

Supply Chain Strategy 161

Supply Chain Strategy Supply Chain Software Price Mitigation Strategies Supply Chain 161

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Industries experienced severe operational and financial consequences with issues like supply shortages, supply and demand surges, inventory shortfalls and reduced productivity. can be measured to define this metric. This metric will require investigation of specific processes and functions in order to uncover underlying issues.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

Supply Chain Matters

FEBRUARY 22, 2024

based retailers would provide the best indicators of retail industry customer fulfillment trends including various changing strategies in inventory management and customer fulfilment efforts, along with restoring higher profitability levels. Inventory Management The retailer reported inventory declines of 4.5

Inventory Reduction 52

Inventory Reduction Procurement Analytics Negotiate Pricing Purchasing Skills 52

Vecco International

FEBRUARY 4, 2024

Vecco provides mission critical end-to-end visibility and response capabilities to manage inventory. Projected inventory is automatically recalculated and compared to minimum and maximum targets as supply or demand events are recorded. Our platform provides visibility into all user defined key supply chain performance metrics.

Beverage 40

Beverage Food Supply Chain Planning Software Manufacturing Procurement 40

Supply Chain Opz

AUGUST 2, 2018

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization requires an organization to sustain and maintain the right mix of cost versus service.

Optimal Sourcing 100

Optimal Sourcing Modeling Optimization Software Inventory Reduction 100

Supply Chain Shaman

MAY 17, 2015

Then it is off to Dallas to speak on Supply Chain Metrics That Matter at the Dallas CSCMP roundtable and complete some more client work. The supply chain is a complex system and these metrics are tightly linked in non-linear relationships. Figure 2: Supply Chain Effective Frontier. Figure 3: Defining Planning Architectures.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Supply Chain Software 150

QAD

MARCH 9, 2023

They can react to sudden changes in supply and demand, adjust prices and inventory levels in real time and work closely with supply partners throughout the value chain to mitigate risk. That means looking at the right metrics. Be influenced by metrics that transcend operations, profitability, and risk. What About Cash?

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

TMC

NOVEMBER 18, 2015

Companies can then prioritize their mitigation efforts based on parameters such as value-at-risk, customer importance, and field inventory. Keeping an eye on changes in government policies is another important detection activity, which often falls under the umbrella of a centralized corporate function such as Legal or Compliance.

Metrics 67

Metrics Supply Chain Planning Software Forecasting Software Supply Chain Software 67

Supply Chain Shaman

JULY 30, 2022

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. The decline in inventory turns uses cash. The range depends on sales velocity, replenishment policy, and shelf assortment.

Supply Chain Design Software 195

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Data 195

Unleashed

DECEMBER 11, 2022

That’s why, with so many possible variables to track, it’s critical to know which metrics matter most. However, tracking 50 irrelevant warehouse metrics is far less valuable than tracking a few hyper-useful ones. In this guide to warehouse KPIs: What are ‘warehouse KPIs’ and why should you use them?

Warehousing 98

Warehousing Inventory Reduction Cost Reduction Strategies Inventory Management Software 98

Logistics Bureau

DECEMBER 18, 2017

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently. The Basics of Inventory Planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Inventory Reduction Inventory Management Software Supply Chain Planning 40

SYSPRO Smarter ERP

MARCH 2, 2022

This means that the past practice of just-in-time inventory management will need to be more flexible and allow a just-in-case approach. Just-in-case involves holding more inventory so that sales are not lost due to inventory being unavailable. Risk management.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

Locus

NOVEMBER 28, 2023

It is vital that shippers optimize the below metric to success in their overall growth. Implement Robust Return Policies: Clearly defined and transparent return policies can minimize returns due to buyer’s remorse and can help set clear expectations for the customers. Better product handling should be done to reduce this issue.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Mitigation Strategies Reverse Logistics 52

BlueYonder

JANUARY 18, 2024

For example, how long it takes to get an item back into stock after being returned is very rarely a considered metric for retailers. Inventory that can’t be sold is a cost, and the shipping and logistics operation that gets it back to DCs is another cost. It’s not just a pure numbers question either.

Logistics Network Optimization Software 57

Logistics Network Optimization Software How To Supply Chain Software Retail 57

SupplyPike

MAY 14, 2020

These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Most manufacturers depend on just-in-time (JIT) manufacturing policies. Inventory Map.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

SYSPRO Smarter ERP

OCTOBER 30, 2023

A quality management system should keep track of changes to policies and procedures, and provide reports on anything related to the quality management process. Predefined metrics should be established for this inspection so that a pass/fail rating can be given.

Quality 105

Quality Manufacturing Supply Chain Design Software Supply Chain Planning Software 105

Supply Chain Shaman

JUNE 5, 2013

Integration of corporate social responsibility metrics in planning. There is a lack of clarity on what drives value and metrics are functional. Monthly design of the supply chain including form and function of inventory and inventory placement. Focus on the level of inventory. Functional metric orientation.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain Design Software 216

SCMDOJO

AUGUST 16, 2023

By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels. The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting.

Inventory Reduction 79

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 79

Logility

DECEMBER 2, 2020

For example: Optimizing a distribution network not only reduces logistics costs but, in most cases, reduces carbon emissions through fewer transportation miles and/or less inventory holding costs. What about warehousing, inventory management and the efficient maintenance of your capital equipment? So how does one build one?

Supply Chain Planning Software 133

Supply Chain Planning Software Sourcing Strategies Supply Chain Planning Scenario Planning 133

Supply Chain Shaman

JULY 21, 2022

To help, we analyze business results each year to understand which companies outperform on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) over the past ten years. Companies can win with an IT standardization policy. Supply chain excellence is harder to define than to say.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Pharmaceutical Supply Chain Design 195

The Smart Software

APRIL 11, 2019

An inventory professional who is responsible for 10,000 items has 10,000 things to stress over every day. The post Stop Leaking Money with Manual Inventory Controls appeared first on Smart Software. Double that for someone responsible for 20,000 items.

Inventory 62

Inventory Modeling Software Supply Chain Planning Software Forecasting Software 62

SCMDOJO

APRIL 11, 2023

In the last section, the course introduces performance metric design and organizational design within the supply chain organization, focusing mainly on the centralize/decentralize decision. He covers how to evaluate quantity discounts, and how to calculate production quantities to maximize profit.

Supply Chain Design Software 115

Supply Chain Design Software Course Supply Chain Planning Software Supply Chain Software 115